The Paraguayan Association of Gambling Operators (APOJA) has recently expressed its support for Decree No. 3846, marking a pivotal update to the country’s gambling laws after nearly 30 years of stagnation. This new regulation gives the 263 municipalities 30 days to comply with new licensing requirements and report their status to the General Directorate of Gambling.
With an emphasis on compliance, Lorena Rojas, APOJA’s president, stated that municipalities must submit details on granted licenses, including the types of games and fees. From now on, businesses will be required to meet new technological standards, ensuring their systems are online and interactively linked with the regulatory authority to combat illegal gambling effectively.
Another major change is the removal of monopoly control over the lottery and sports betting. This decision aligns with recent legislation aimed at enhancing competition and oversight within the gambling sector, ultimately bringing greater revenue potential to support vulnerable communities.
Key Points
- APOJA supports Decree No. 3846 that updates Paraguay’s gambling laws after nearly 30 years.
- Municipalities have 30 days to report license statuses to the General Directorate of Gambling.
- New requirements include real-time connections with regulatory authorities and certification of devices by independent entities.
- The decree ends monopoly control over lotteries and sports betting to encourage competition.
- Enhanced oversight powers will be granted to the National Directorate of Tax Revenues (DNIT) for better regulation.
Why should I read this?
If you’re interested in the evolving landscape of gambling regulations in Paraguay or how this might impact the gaming industry as a whole, this article is must-read stuff! It not only highlights a significant legal change but also reveals how these amendments could enhance oversight and potentially boost revenues in the sector. Plus, keeping up with these changes can help you stay ahead in the industry.
